Oppenheimer Boosts Mastercard (MA) Price Target to $259.00

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Mastercard (NYSE:MA) had its price objective hoisted by equities research analysts at Oppenheimer from $242.00 to $259.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 8.10% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $245.00 price objective on shares of Mastercard in a research note on Friday, December 21st. Edward Jones upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Zacks Investment Research reiterated a “buy” rating and issued a $205.00 price objective on shares of Mastercard in a research note on Monday, December 31st. Wells Fargo & Co dropped their price objective on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $217.00 price objective on shares of Mastercard in a research note on Monday, January 7th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $233.48.

Shares of NYSE MA traded down $0.50 during mid-day trading on Wednesday, reaching $239.59. 511,404 shares of the company were exchanged, compared to its average volume of 3,095,955. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $246.33 billion, a PE ratio of 36.92, a P/E/G ratio of 1.90 and a beta of 1.14. Mastercard has a twelve month low of $170.65 and a twelve month high of $240.97.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. As a group, analysts predict that Mastercard will post 7.56 EPS for the current fiscal year.

In related news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the sale, the insider now directly owns 37,374 shares in the company, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders sold a total of 99,716 shares of company stock valued at $22,428,540 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Focused Wealth Management Inc bought a new stake in shares of Mastercard in the 4th quarter valued at $25,000. Ruggie Capital Group bought a new stake in shares of Mastercard in the 4th quarter valued at $27,000. Valley National Advisers Inc. lifted its position in shares of Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 97 shares during the period. New Capital Management LP lifted its position in shares of Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Finally, Avondale Wealth Management acquired a new position in shares of Mastercard during the 4th quarter valued at $28,000. 75.55% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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